"This is an excellent opportunity to acquire a hotel in one of the top three markets in the country for hotel investment," says AEW Partners Group head Marc Davidson. "The DC metropolitan hotel market has historically been one of the strongest urban markets in terms of occupancy."
A 14-story property that underwent a major renovation four years ago, the Holiday Inn features such amenities as a fitness facility, business center, restaurant and underground parking garage. Wright Investment plans to stay on as the management team for the property.
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